It goes lower and lower and lower

The US$3 billion of 1MDB outstanding 4.4% notes maturing in 2023 has dropped to a new record low of 75 cents (US) for a US dollar.

Click '1MDB Dollar Bonds Slump to Record' for the report.

It is likely that there are more record lows waiting in front. Technically it is at its sub-wave iii of wave 3 of C. 

At 4.4% interest rate, 1MDB has to pay US$3x4.4% = US$0.132 billion or Rm 580 million (@ Rm4.4 to US$1.0) a year to the bond holders. 

To some, their interest is something else.

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